Market Movers, August.22nd

https://www.youtube.com/watch?v=BIkLBN_Is5k

7:01am, Dow futures down 43 points, volume 33,701

7:28am, GSX is up 15% on 56,434 shares after reporting quarterly results. Click on the image for the full report

7:31am Nordstrom is up 8.55% on 47,141 shares after beating analyst estimates by 14 cents

7:33am, Keysight technologies is up 8.29% on 29,239 shares after reporting quarterly results

7:38am, Dow futures up 24 points, volume 36,187

7:39am, Gamestop is up 8.76% on 50,501 shares after restructuring, lays off 120 people. Bloomberg reports

7:46am, Retrophin is down 28% on 276,597 shares after reporting their FORT Study did not achieve its primary or secondary endpoints. Read more

7:49am, BJ’s is up 7.8% on 51,861 shares after reporting quarterly results, beats on earnings

Reuters front page archived https://web.archive.org/web/20190822115738/https://www.reuters.com/

“Kansas City Fed’s Esther George says the July rate cut was not needed”, CNBC

8:28am, up 10% on 344,563 shares after beating analyst estimates

8:34am, Mustang Bio is up 4% on 349,945 shares after announcing MB-107 lentiviral gene therapy for X-linked Severe Combined Immunodeficiency (XSCID) granted regenerative medicine advanced therapy (RMAT) designation from FDA. Read more

11:35am, Dow flat, volume 69,889,636. VIX up 7%, TVIX only up 4%..

CNBC: “Yield curve inverts once again on fears the Fed won’t save the economy from recession”.

David Tice: “The big question: Is the U.S. in a recession or about to enter one?” the investor told CNBC’s “Trading Nation ” on Wednesday. “We’re either there or within two months away from that.” Read more

12:09pm, Dow up 47 points, volume 81,374,120

Retail was hot today

NETE spiked 66%  on 17 million shares after this press release

CNBC’s end of day summary: Link

Stay tuned for updates!

 

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